Financial Turning Points: Relationships, Marriage, and Divorce

Helping your clients navigate personal relationships might not be your favorite talking point, but your willingness to tackle the issue head-on could be key for your business.

 

"It can be a difficult situation for advisors to be in,” said Morningstar behavioral economist Sarah Newcomb, Ph.D. “Yet that may be the very thing that helps advisors differentiate themselves."

This paper examines:
  • How prenuptial agreements and “freedom funds” should be seen as romantic, rather than restricting
  • How advisors can help their clients learn to argue productively—and why they should
  • How advisors can help clients cope with post-divorce financial reality